K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

A contract is only as good as the person enforcing it.

One of the things I learned early is that the margins on a deal need to be substantial. 

Military deployment money Lessons learned?

I think of it like an employee or personal assistant.

I’m not a “people person” so they handle screening.

It takes time and patience, but the long-term benefits are well worth it.I’ve personally gained invaluable knowledge, listings, and deals from friendships I’ve built over the years.The more people you engage with, the faster you’ll achieve your goals!

Well if you go together it could split it and get basically nothing - spend $2-3k file a lawsuit and get a judgment you are first in line… Also in many instances you can slap that judgment on his personal residence as well and foreclose on that.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

I’m just taking it one step at a time, learning as I go, and trying to set things up the right way from the start.